Located in the rapidly growing market of South Tacoma, the Hometowne Studios presents investors with the rare opportunity to own a 129-room extended stay asset or convert it to Multifamily and much needed long term housing for the area. This high-quality asset was constructed in 1999 and has undergone recent capital upgrades in 2019. Upgrades include new LVP flooring, appliances, in-room lighting, exterior signage, kitchen and bathroom upgrades, and Televisions. Each unit has its own kitchen which includes a 2-burner cooktop, microwave, full-size refrigerator, range hood, and cabinetry. All of the units are studios ranging from 210-290 square feet.